January 10, 2017
When Ford Motor Co. announced on Jan. 4 that it would be nixing its $1.6 billion plant in San Luis Potosi, the reaction was mixed in the Rio Grande Valley. While there is relief that more jobs will be developed in Michigan, Congressman Henry Cuellar (D-Laredo, TX) indicated that it would have an impact on South Texas.
When something comes in from Mexico, he told the Rio Grande Guardian, it has 40% U.S. parts. Additionally, when it comes to automobiles and parts, businesses such as logistic, freight-forwarding and trucking companies are involved. If U.S. companies have no businesses in Mexico, the local companies won’t be able to handle those services, the congressman said.
“I want to have more of those American companies do things here in the United States, but you can’t stop the globalization of our economy, and we are seeing that in so many ways,” Cuellar said. “The automobile industry is one of those areas.”
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